The Salem housing market is very competitive. Homes in Salem receive 3 offers on average and sell in around 24 days. The median sale price of a home in Salem was $593K last month, down 1.3% since last year. The median sale price per square foot in Salem is $398, up 22.4% since last year.
In January 2025, Salem home prices were down 1.3% compared to last year, selling for a median price of $593K. On average, homes in Salem sell after 24 days on the market compared to 24 days last year. There were 38 homes sold in January this year, up from 28 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$592,500
-1.3% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Salem, MA
$592,500
-1.3%
United States
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How hot is the Salem housing market?
Salem is very competitive. Homes sell in 22.5 days.
0
100
86
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 23 days.
Hot homes
can sell for about 4% above list price and go pending in around 18 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Salem housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Salem.
Flood Factor - Minor
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Salem has a minor risk of flooding. 913 properties in Salem are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in Salem. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Salem has a moderate risk of wildfire. There are 570 properties in Salem that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Salem.
95% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Salem has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Salem is most at risk from hurricanes. 7,588 properties in Salem have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 127 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 140 mph.